Wall Street waffles and see-saws

Wall Street waffled before finishing lower today as oil prices also see-sawed and traders weighed lacklustre earnings from Xerox Corp against a surge in housing prices.

Wall Street waffles and see-saws
Mon, 25 Jul, 2005 - 22:58

Wall Street waffled before finishing lower today as oil prices also see-sawed and traders weighed lacklustre earnings from Xerox Corp against a surge in housing prices.

Investors were nervous about oil after crude futures’ rally on Friday. So stocks gave up early gains as oil crept upward; futures finally closed at 59dollars a barrel on the New York Mercantile Exchange, up 35 cents.

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CourtsBusinessHeathrowPlace: Wall StreetPlace: New YorkPlace: ChinaPerson: Ed PetersPerson: PetersPerson: Mark S. JordahlOrganisation: Xerox CorpOrganisation: New York Mercantile ExchangeOrganisation: Commerce DepartmentOrganisation: PanAgora Asset Management Inc.Organisation: NasdaqOrganisation: BellSouth CorpOrganisation: XeroxOrganisation: Wall StreetOrganisation: Goldman Sachs Group Inc.Organisation: American Express Co.Organisation: US Bancorp Asset ManagementOrganisation: Teva Pharmaceutical Industries Ltd.Organisation: Ivax Corp.Organisation: IVAXOrganisation: Maytag Corp.Organisation: Whirlpool CorpOrganisation: MaytagOrganisation: WhirlpoolOrganisation: Triton Acquisition Holding Co.Organisation: Ripplewood HoldingsOrganisation: Wal-Mart Stores Inc.Organisation: New York Stock Exchange
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